Trading Made Simple | Page 3590 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #71,781
  • Edited 11:51pm Oct 4, 2016 6:38pm | Edited 11:51pm
It seems the storm has passed.

From time to time someone comes here and criticize that regular posters are not trading the method as laid out by Eelfranz
anymore.
But I think each one must make this method fit his/her style and personality.

Moreover, there are a lot of answers in Eelfranz posts.
We all should read them again.

Layout:

Big E used the synergy method but then he switched it to fit his style and needs so he created the TMS-5 Method.

Quoting eelfranz
Years ago I jumped Deans butt for breaking his rules for trading his Synergy System. He explained that the initial rules for a system is for new people trading that new system to insure their greatest chance for success. BUT as an experienced trader with that same system he might trade it a little differently because of his experience. That shut my mouth! I'm a very experienced trader using my 5 method.
I think if Dean Malone or anybody had told him, he should've traded the synergy method exactly as laid out by the
creator, this amazing thread would've never existed.

If we use the heart of this method (TDI + APBs) and we don't add any other indicator that influence our trade decisions.
I believe we'd be still respecting Eric rules.
I mean if you use an ADR to calculate your SL, that's not adding an indi to the core method since this tool doesn't affect
your decision of buying or selling.

Mistakes:

A common mistake we make when we are newbies is that we read the first post and try to emulate exactly what Big E was doing.
This is not a rule, everyone is different, for example last year when I found this method I tried to wake up in the early
morning to close trades or look for new setups but this was not good for my health so I stopped doing it.
He was awake at that time because sadly he was sick and couldn't sleep well.
We should have our own trading schedule.

Another thing is using only the HA candles.
He used the HA alone because he was very good at understanding the PA with them.
He wasn't a total noob, he had experience in trading stocks before he switched to FX

Quoting eelfranz
When I first started trading stocks 9 years ago I vowed not to be in the 95% that bites the dust.
Those folks feed us I read the other day so he said we always want newbies. It makes sense even though it's grusome.
And he was a very commited trader, he made a backtest of this method during 2 years, using only the TDI+APB

Quoting eelfranz
Honestly folks... I spent over 2 years refining this method... so it would be simple to understand
and easy to trade...
But for someone new like me without any knowledge of trading before I met this thread, the HA hide the real OHLC of the candles which are the most important thing to read the PA.

I think for newbies, it is better to use the price bars over the HA in the background, the way Emmanuel shows us.
And later when you gain more experience you can use only the RSI and the HA alone.

Risk:

Yes, he said he risked 15-30 % of his account

Quoting adeforex
Most of my trades use from 15-30% of my account... why? That's where I feel most comfortable trading.... and why one of MY PERSONAL RULES is to exit the trade at the 12-15 pip pullback region... Regardless of the timeframe... It's always worked for me... and made me pips... I take the best trade set ups..I don't recommend it for anyone else...
But that's because for him trading was just a hobby

Quoting eelfranz
I try to be light hearted about trading... make it fun like a hobby. I don't need the money from
trading to live on month to month. If I can't trade that way I'll quit trading. It's just my personality. That doesn't mean
I'm not serious as hell about it either. I get a lot less stress this way.
But it's obvious if you wanna treat this as a business, you should only risk 1-2% of your account.
Here he recommends:

Quoting eelfranz
Money management is #1 in importance. Never trade more than 2-3% of your account on any one trade. In some cases that means trading micro lots only. Take care of your money management and it will take care of you so you can trade tomorrow.
Quoting eelfranz
Make sure your using sound money management only trading 2-3% of your account per trade. If you can afford it... trading multiple lots is good.
Controversy:

I see some "hate" against Emmanuel because some people think he has "taken over" Eelfranz thread.
But he has never said or claimed to be the new "leader" of this thread.

He's only another regular poster here and if you don't like what he does, simply put him in your Ignore List.
ME/ME is only a money management strategy that he uses to reduce the risk of his trades while building a position.

But it doesn't influence his decision to take a trade or not.
He only uses PA+TDI+APB to decide to buy or sell.
Nobody ever has put a gun to you head and command you to follow his advice or use his MM strategy.

I personally do not use ME/ME because it's just not my style.
But I have to say I have learned very important things from some Emmanuel posts.

Besides I couldn't care less if the MT4 statements he shares are real or not while he doesn't show any commercial interest
and I believe he doesn't or the FF would have already made him a commercial member.

I only care about what I can achieve by myself, this is a public forum and anybody might be lying
What other people do is irrevlevant to me.

I hope these personal attacks stop, in the end we're all here for the same thing: to learn how to make money trading the FX market.
  • #71,782
  • Oct 4, 2016 7:09pm Oct 4, 2016 7:09pm
Quoting chino
{quote} Tekkies, for Big E and others traders that help to open this thread for everyone, they imply (not sure if is spell correctly) that everyone should know those points, support, resistance, etc,.. and if not they always refer you to babypips as those points shouldn't be part of the process of TMS, it should be like automated or already taken in count for the trade, so he didn't left out those things. for him you/me should already know about it. And as i say to him, I'm not here to change his way of trading or even how he share his ideas, just...

Hi TMS folks,

I fully agree with chino that some people do get confuse with the things I shared here in this thread.
Let me suggest this. When you are confuse and do not understand any of my post, you shout very very loud and ask for more explanation. I am here to help you become better traders. I do not ask for money in return because the market will pay me for what I do and do best.

Since Big E stopped post in 2011 and passed away on Oct 2012, that is very long 4 to 5 years. Many TMS traders continue to learn from the trading the market and some went on to add their own stuff from their experience to add confidence to their trading. They create their own winning systems fro this 5-Method but the core 5-method do not change and must not change. We keep the it very simple - use the 5EMA (Typical Price, Shift+3), APB candles and the TDI version for all our trading decisions. What you add top help you see support and resistance is up to you but make sure =that your test them over 1,000 trade at minimum and achieve better results. Then you can share your winning stuff with others.

My trading history in FF:
If you read my posts here in FF, I started in 2011 in X-man thread which is also based on TMS. X-man is one of the few who were in Eric' skype gorup. X-man taught me many things about H1 trading and hlped me refine my intraday trading, both the method and is trading discipline.
Then 2012 I wanted to learn to trade the 'fast track' with LE1 in his M15 TMS thread. Many very good traders in that group and I lean about what trading team spirit and camaraderie is about. I learn and also mastered the M15 trading method after many long hours of hardwork, inspiration and encouragement by LE1 and his team.
I have come a long way to becoem a much better trader.

What I do here is putting all what I learn and experienced with the hope that it can help you shorten your learning cycle. I hope this will help you make some money and achieve your financial goals in life. I do not recommend anyone to even think that you can trade for a living until you have found that you have your WINNING EDGE.
Be careful with what a WINNING EDGE is in this spot forex trading business. The technical trading methodology is not a WINNING EDGE. TMS 5-method has an edge when it comes to market entry and exit in trending market conditions, like all other trading systems/methods based on indicators. Like Big E, he knew how to pick the best trade setups and he achieved 70 to 80% win rate. I tried very very hard and I can do an average of 65% only. What are the best setups? I called them the A+++ setups. So make it be clear that your WINNING EDGE is never about the trading methodology or the picking the A+++ setups. But the A+++ setups is my trading edge not my WINNING EDGE.

Keep an open mind and learn, absorb everything and also know when to unlearn somethings which you do not need.

Attached Image


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,783
  • Oct 4, 2016 7:21pm Oct 4, 2016 7:21pm
Quoting AlansGS777
It seems the storm has passed. From time to time someone comes here and criticize that regular posters are not trading the method as laid out by Eelfranz anymore. But I think each one must make this method fit his/her style and personality. Moreover, there are a lot of answers in Eelfranz posts. We all should read them again. Layout: Big E used the synergy method but then he switched it to fit his style and needs so he created the TMS-5 Method. {quote} I think if Dean Malone or anybody had told him, he should've traded the synergy method exactly...


I need to correct a couple of points here.

Many of your quoted passages from Big E are not even from this thread!!

Yes, Eric did indeed dabble in multiple entries (for example)...but NOT in this thread. This thread is Trading Made *SIMPLE*...so it's very disingenuous to use quoted passages from other threads and try to pass them off as part of this thread.

A further correction...there is not "HATE" against Emmanuel....you choose to use that word, as does Emmanuel himself. Quite why you want to try to inject this very nasty emotion into the thread is beyond me. I simply wish to see some transparency, some honesty, some humility and zero snide remarks about other people who choose to take *their versions of TMS to a new thread*.....which is what people should do to preserve the integrity of Erics thread....although it's too late now, I do concede. Remember, Eric virtually pleaded for people to NOT introduce other indicators to his thread. I think it's fair to respect the wishes of the thread owner and because I was active in this thread when Eric was alive, I feel very sad when his wishes are trampled on and he is no longer here to defend his wishes in his thread.

To conclude, because there are so very few senior members here in this thread now, for reasons that have already been explored, it is imo, imperative that the newbies, who are the overwhelming majority here, are not being given any false hope or worse, being deceived by impressive equity curve screenshots that are in fact, meaningless other than to boost one's ego and impress the naive newbies. To be up front and transparent and if account details must be shown to impress, then show real and verified details...or, do not post equity curves at all, because the purpose in doing so is merely an ego boost exercise.

Rightly or wrongly, many newbies look up to senior members with red flags by their name and several thousand posts and membership for many years. Senior members have a responsibility to the newbies to above board and honest as well as humble.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #71,784
  • Oct 4, 2016 7:35pm Oct 4, 2016 7:35pm
Quoting AlansGS777
It seems the storm has passed. From time to time someone comes here and criticize that regular posters are not trading the method as laid out by Eelfranz anymore. But I think each one must make this method fit his/her style and personality. Moreover, there are a lot of answers in Eelfranz posts. We all should read them again. Layout: Big E used the synergy method but then he switched it to fit his style and needs so he created the TMS-5 Method. {quote} I think if Dean Malone or anybody had told him, he should've traded the synergy method exactly...
Great post.

Thank you Alan for taking the time to write and post.

just one of those 'storm in a teacup".

not even a battle in my opinion. the real battle I fight everyday is with other traders in the market not in public forum like FF.

Attached Image (click to enlarge)
Click to Enlarge Name: Sun Tze on supreme war.png Size: 661 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,785
  • Oct 4, 2016 7:39pm Oct 4, 2016 7:39pm
TMS traders,

let's focus on our trading and do not be distracted.

remember your trading tasks for today and your trade plan.

post your charts with questions if you need an opinion about trading.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,786
  • Oct 4, 2016 7:50pm Oct 4, 2016 7:50pm
Quoting emmanuel7788
{quote} EURGBP Update Oct 5 GMT 2200 {image} EG shot up to where euro buyer want it go ...BRN. good 60pips after that WRB breakout. 60pips profit instead of 60pips DD with TMS rules in Post#647. I like what strat always say: "When you are wrong, get out of your trades..." That's one discipline we as TMS traders must learn and follow. Do not be 'married' to your trades for too long. Many traders tend to be 'married' to their...

EURGBP Oct 5 H1 trading;

Look at that H1 WRB yestreday and use that for trade management and decision.
If market corrects itself after the breakout yesterday, there will be limit and stops orders somewhere and we retail traders cannot see the orders.
the smart money knows the orders and they will fill those orders.
for advance TMS traders, they would use this information in a way to their advantage.
the D1 direction is quite clear. so sellers need to cut their losses.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 40 Oct 5 H1 WRB correction.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,787
  • Oct 4, 2016 7:55pm Oct 4, 2016 7:55pm
AUDUSD Oct 5 Tokyo Open.

No selling yet for AU.
I wait and see when TOK_5Hour High is first, then late I'll decide my next move.

But I need to chauffeur my kiddos to school now and run some errands for the next few hours.

back later, meantime you TMS folks behave yourself with your money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,788
  • Oct 4, 2016 9:02pm Oct 4, 2016 9:02pm
Quoting realjumper
{quote} I need to correct a couple of points here. Many of your quoted passages from Big E are not even from this thread!! Yes, Eric did indeed dabble in multiple entries (for example)...but NOT in this thread. This thread is Trading Made *SIMPLE*...so it's very disingenuous to use quoted passages from other threads and try to pass them off as part of this thread. A further correction...there is not "HATE" against Emmanuel....you choose to use that word, as does Emmanuel himself. Quite why you want to try to inject this very nasty emotion into the...
Mr. RealJumper

I respect your points of view and "corrections"

My intention was to make peace not to start a new fight

But saying that I disingenuously used quoted passages from other threads and try to pass them off as part of this thread is a false claim and obviously a personal attack against me and I'm not really into these games you like.
Because of people who do this, I don't like to be very active in this forum, but well, people are free to write whatever they want over the internet.

In my post, you can easily click on the quoted posts and know in what thread they are, so I didn't try to manipulate anything.
Those Eelfranz posts not being from this thread don't make them less valid.

That you were active when Eric started this thread or being on his "buddy list" in this website FF doesn't make you a member of his blood family as you seem to belive.
  • #71,789
  • Edited 11:21pm Oct 4, 2016 9:05pm | Edited 11:21pm
Quoting AlansGS777
{quote} Mr. RealJumper I respect your points of view and "corrections" My intention was to make peace not to start a new fight But saying that I disingenuously used quoted passages from other threads and try to pass them off as part of this thread is a false claim and obviously a personal attack against me and I'm not really into these games you like. Because of people who do this, I don't like to be very active in this forum, but well, people are free to write whatever they want over the internet. In my post, you can easily click on the quoted...

I was not mounting a "personal attack" on you...and I apologise if it comes across that way.

However, don't look now, but you're the one who is attacking me, and it hasn't gone unnoticed

Have a great day!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #71,790
  • Edited 11:50pm Oct 4, 2016 9:09pm | Edited 11:50pm
Quoting realjumper
{quote} I was not mounting a "personal attack" on you...and I apologise if it comes across that way. However, don't look now, but you're the one who is attacking me!! Have a great day!
I apologize too.

But you attacked me first, so I just responded

You too have a great day!
  • #71,791
  • Edited 11:37pm Oct 4, 2016 9:30pm | Edited 11:37pm
Hello TMS trader,

We all know how to replicated TDI in android fone but I am not aware about the mobile trading platform which can show Average Price Bar. I have put request to trade interceptor public forum and they can take this on priority if it got more votes. Its my humble request to all TMS traders to vote for this so that we can have Avergare Price Bar and TDI both on our mobile to trade this excellent method with out having accessibility to PC mt4.

http://feedback.tradeinterceptor.com...in-ashi-candle


Thanks
MN
  • #71,792
  • Oct 4, 2016 11:54pm Oct 4, 2016 11:54pm
Quoting AlansGS777
{quote} I apologize too. But you attacked me first, so I just responded You too have a great day!
Enough with the editing eh?....if you want to say something...say it!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #71,793
  • Oct 5, 2016 12:13am Oct 5, 2016 12:13am
Quoting realjumper
{quote} Enough with the editing eh?....if you want to say something...say it!!
Lol complain to FF and tell them take off the Edit option.

Now we're not contributing anything good to the thread, so I go to sleep.

Peace.

Thanks for the fun.
  • #71,794
  • Oct 5, 2016 12:26am Oct 5, 2016 12:26am
Quoting AlansGS777
{quote} Lol complain to FF and tell them take off the Edit option. Now we're not contributing anything good to the thread, so I go to sleep. Peace. Thanks for the fun.

Nah....I'm not 'run to mummy' type of person!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #71,795
  • Oct 5, 2016 1:06am Oct 5, 2016 1:06am
AUDUSD Oct 5 M15 trade entries after TOK_5H High.
*strong trend, shallow retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Oct 5 M15 trade entries.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,796
  • Edited 1:15am Oct 5, 2016 1:14am | Edited 1:15am
had some fun yesterday trading the Aussie RBA Rate candle.
Instead of my usual 2 standard lots, I made multiple entries with smaller lots and also using stop and limit orders to catch the RBA hour spikes.
This way, I can report +350pips profits with smaller lots. But the overall $profit is the same. MT4 report will show high win rate using every trade exit to calculate the win/loss rate. To me that means nothing. The money in R Multiple means more in my trading system performance using Dr Van Tharp principles.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Oct 4 350pips.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,797
  • Oct 5, 2016 1:21am Oct 5, 2016 1:21am
What has playing the game of Golf has to do with trading the markets?

read what my favourite golf legend Arnold Palmer has to say:

http://www.forexfactory.com/showthre...45#post9164645
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,798
  • Edited 2:32am Oct 5, 2016 2:12am | Edited 2:32am
Quoting AlansGS777
It seems the storm has passed. From time to time someone comes here and criticize that regular posters are not trading the method as laid out by Eelfranz anymore. But I think each one must make this method fit his/her style and personality. Moreover, there are a lot of answers in Eelfranz posts. We all should read them again. Layout: Big E used the synergy method but then he switched it to fit his style and needs so he created the TMS-5 Method. {quote} I think if Dean Malone or anybody had told him, he should've traded the synergy method exactly...
Well written, support to Emmanuel on this too.
It's in fear when people show what they truly value.
  • #71,799
  • Oct 5, 2016 2:35am Oct 5, 2016 2:35am
Quoting emmanuel7788
AUDUSD Oct 5 Tokyo Open. No selling yet for AU. I wait and see when TOK_5Hour High is first, then late I'll decide my next move.
What is "TOK_5Hour High"? Can you please elaborate on that for me, Thanks
  • #71,800
  • Oct 5, 2016 2:40am Oct 5, 2016 2:40am
Quoting emmanuel7788
had some fun yesterday trading the Aussie RBA Rate candle. Instead of my usual 2 standard lots, I made multiple entries with smaller lots and also using stop and limit orders to catch the RBA hour spikes. This way, I can report +350pips profits with smaller lots. But the overall $profit is the same. MT4 report will show high win rate using every trade exit to calculate the win/loss rate. To me that means nothing. The money in R Multiple means more in my trading system performance using Dr Van Tharp principles. {image}
Hello, Emm!

Would you mind sharing that indi which plots the gained/lost pips on your chart?
30 traders viewing now